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Ericsson-LG JV Chief Downplays Impact from LG’s Mobile Biz Exit

Ericsson-LG JV Chief Downplays Impact from LG’s Mobile Biz Exit

SEOUL, April 28 (Korea Bizwire) — The chief of Ericsson-LG, a telecom equipment joint venture between Sweden-based Ericsson and South Korea’s LG Electronics Inc., said Wednesday that there will be no impact to its business even after the local tech giant’s planned exit from its loss-making handset business. LG Electronics said earlier this month that [...]

SK Telecom Chief Hints at Cooperation with Amazon in Video Streaming

SK Telecom Chief Hints at Cooperation with Amazon in Video Streaming

SEOUL, April 21 (Korea Bizwire) — The chief of SK Telecom Co. said Wednesday the wireless carrier will likely work with Amazon.com Inc. in video streaming services as the country’s leading mobile carrier seeks to grow efforts to boost its non-mobile businesses. SK Telecom currently holds a major stake in local video streaming service operator [...]

Nokia to Tap S. Korea’s Indoor 5G Equipment Market with LG Uplus

Nokia to Tap S. Korea’s Indoor 5G Equipment Market with LG Uplus

SEOUL, April 19 (Korea Bizwire) — Nokia Corp., a Finnish telecom equipment giant, said Monday it has signed an agreement with South Korean mobile carrier LG Uplus Corp. to install its next-generation indoor 5G equipment here. Nokia said it will deploy its small cell AirScale Indoor systems in indoor locations across the country, including shopping [...]

SK Telecom to be Split into Two, Holding Company to Oversee Non-mobile Biz

SK Telecom to be Split into Two, Holding Company to Oversee Non-mobile Biz

SEOUL, April 14 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, said Wednesday it will create a new holding company for its non-mobile subsidiaries to accelerate growth in promising fields and tighten its grip on its chipmaking unit, SK hynix Inc. The telecom operator said that it will conduct a spinoff to [...]